Boyd Gaming Corp. Suspends Vegas Strip Construction

5 August 2008

On Friday, Boyd Gaming Corp., the Las Vegas-based casino company, announced it was halting construction on the Echelon resort on the Las Vegas Strip.

When news broke that the $4.5 billion development would be put on hold, its stock went up 30 percent during pre-opening trading, which left shares at $12.01 each by the end of last week.

Shares closed today at $13.76.